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. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for u.s. diplomats in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the local security gua
. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's...
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Oct 10, 2012
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to move -- use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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Oct 14, 2012
10/12
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taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent people how do you pay for it and you refuse to say how you will pay for it? >> we will pay for it by eliminating deductions and loopholes and making sure for the middle class that protecting the home mortgage deduction and other important deductions for them but at the high end you would eliminate deductions and a lot of special interest loopholes that would allow you you to bring down the rate 20%. six different studies said this is -- >> chris: those studies are questionable. some of them are blogged. some from the aei which is hardly an independent group. >> these are credible sources and -- >> chris: on
taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent...
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they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my dear friend, former intern, which i always like to disclose, is a trust deficit. is it? >> well, so much of american politics is based on do i know you, do i trust you and do i like you? those are some damaging numbers for governor romney for sure. but look, the fact of the matter is he crushed president obama in that debate and these numbers are reflecting what a lot of people saw, and that was a stereotype that had been lined out about governor romney that he was some cold heartless businessman. he turned that on its ear. conversely, one of the stereotypes out for president obama is
they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my...
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Oct 10, 2012
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e oqeio u f were to be reelected, we would see trillion dollar deficits again and again. our national debt is almost the same now as our total economy, gdp. itakeshaer fn the economy. ne tow hr opndse g kepresident, when i finally get this job, i will cap e spending i will cut it and i will get us on track to a balanced budget. >> there are other differences as well. the president is planning on obamacare cutting medicare for current retirees y 16l inatwr pr made to our seniors and i will rtore the funding and make sure th we protect medicare and social security. one thing that i will mention, the president's budget calls for treating our militaryby undreds of billions of dolrs, and then this wkran eat whhoca wi up another few hundred billion. the secretary of defense has called those kinds of cuts devastating to our national security. i will not cut our military. i will store that funding and in w.t ne he [applause] now, there is one more place where you saw a disnction ben twof u was a held theoominacat bs d pet listen carefully to the president's response. because what
e oqeio u f were to be reelected, we would see trillion dollar deficits again and again. our national debt is almost the same now as our total economy, gdp. itakeshaer fn the economy. ne tow hr opndse g kepresident, when i finally get this job, i will cap e spending i will cut it and i will get us on track to a balanced budget. >> there are other differences as well. the president is planning on obamacare cutting medicare for current retirees y 16l inatwr pr made to our seniors and i will...
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Oct 6, 2012
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number 1, the president's plan to cut the deficit by $4 trillion, that he would return america to tax rates under clinton that the obama medicare says romney's medicare plan would cost $6 million. you can see the whole list here >> sean: you say none of this is true? >> what is amazing, first of all, know only did he do a lousy job in the debate, they threw upon the miserable experience for them, a whole mountain of lies on the american people. they woke up the next day and said, wow, not only did we did a bad job, we lied the whole way through, so we are going on call mitt romney a liar. here's the plan. let's call them a bunch of liars to try to inoculate that problem. this is their tactic-- >>> have you to understand -- >> we know that's the case. >> sean: that's all they had left after this horrific showing by the president. you know, remember, mitt romney's the guy who killed this worker's wife. mitt romney's the guy who never paid taxes. mitt romney wants dirty air and water. paul ryan upons to throw granny over the cliff. they don't care about kids with down's syndrome. the lie
number 1, the president's plan to cut the deficit by $4 trillion, that he would return america to tax rates under clinton that the obama medicare says romney's medicare plan would cost $6 million. you can see the whole list here >> sean: you say none of this is true? >> what is amazing, first of all, know only did he do a lousy job in the debate, they threw upon the miserable experience for them, a whole mountain of lies on the american people. they woke up the next day and said,...
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Oct 12, 2012
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like whether tax rates can be lowered without adding to the deficit. >> not mathematically possible. >> it is mathematically possible. it's been done before. it's precisely what we're proposing. >> it has never been done before. >> it's been done a couple of times, actually. >> it has never been done before. >> jack kennedy lowered tax rates, increased growth. ronald reagan -- >> oh, now you're jack kennedy? >> reporter: biden went right at ryan over mitt romney's controversial comments calling 47% of americans who don't pay income taxes irresponsible. >> the idea, if you heard that, that little sol little quill on 47%, you think he just made a mistake, then i got a bridge to sell you. >> i think the vice president very well knows sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> reporter: when biden wasn't talking, he seemed oddly amused. by our count -- smiling or breaking out in laughter 92 separate times. expressive, often interrupting and occasionally personal. >> this is a bunch of stuff. look, here's the deal. >> what does that
like whether tax rates can be lowered without adding to the deficit. >> not mathematically possible. >> it is mathematically possible. it's been done before. it's precisely what we're proposing. >> it has never been done before. >> it's been done a couple of times, actually. >> it has never been done before. >> jack kennedy lowered tax rates, increased growth. ronald reagan -- >> oh, now you're jack kennedy? >> reporter: biden went right at ryan...
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romney said the cuts he would make to bring down the deficit, pbs. >> criminals, glutens of greed. and the evil genius who towered over them? one man has the guts to speak his name. >> big bird. >> reporter: "sesame street" asking the campaign not to use the ad, saying they don't endorse candidates. will.i.am, warming up the crowd with a familiar theme song. ♪ can you tell me how to get >> elmo's making a run for the border. he's going to bring the hammer down on "sesame street." >> reporter: the president, right here in ohio, at the same time, governor romney is, underscoring how crucial this state will be. no republican has won the white house without ohio. we learned that governor romney will spend four days this week alone, right here in ohio. david muir, abc news, ohio. >>> tomorrow, of course, it is the candidates for vice president who will meet face-to-face. and our own martha raddatz will moderate that debate. abc will be carrying it live. it kicks off at 9:00 p.m. eastern time. that's coming up tomorrow night. >>> the nation's highest court revisits the issue of affirma
romney said the cuts he would make to bring down the deficit, pbs. >> criminals, glutens of greed. and the evil genius who towered over them? one man has the guts to speak his name. >> big bird. >> reporter: "sesame street" asking the campaign not to use the ad, saying they don't endorse candidates. will.i.am, warming up the crowd with a familiar theme song. ♪ can you tell me how to get >> elmo's making a run for the border. he's going to bring the hammer...
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. >> in order to reduce the deficit, there has to be revenue in addition to cuts. >>> there has to be revenue addition to cuts. >> and this is ruled out. >> absolutely. >> there is revenue i get is by more people working and paying higher taxes. idea of taxing people more, putting more people out of work, you'll never get there or balance the budget. and that is my next guest and the left tried hard to make him the scapegoat for 67 million americans it was well, obvious to blame lays with the president himself. here to respond is the author of "pension city". good to see you again. >> good to see you, sean. >> you say good evening this, is the news hour. >> and that is i'm going to leave your name at the door. >> the news is doing great. it's a time took time to get it into place. i transitioned out and i'm very happy about this. >> and i felt that for you... after the debate z a lot of criticism he does. >> and how did you feel about that? >> i'm not keen on criticism. and you know, but... that was at the beginning. the criticism is pretty much gone away. people realize that spin did
. >> in order to reduce the deficit, there has to be revenue in addition to cuts. >>> there has to be revenue addition to cuts. >> and this is ruled out. >> absolutely. >> there is revenue i get is by more people working and paying higher taxes. idea of taxing people more, putting more people out of work, you'll never get there or balance the budget. and that is my next guest and the left tried hard to make him the scapegoat for 67 million americans it was well,...
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get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were paralyzed. the romneys didn't know them. they never met. mitt asked to come over for christmas. he brought his boys, his wife and gifts. later on, he said, i know you are struggling, mark, don't worry about their college, i will pay for it. when mark told me this story -- mitt romney doesn't tell these stories. the nixons told me this story. when he told me the story, it wasn't the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity, more than the two of us combined. mitt romney's good man. he cares
get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were...
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where the hell did this deficit come from? you guys gave it to us. and you never show the policy. >> jennifer: yeah he came back from the molarky at the very start, there were a number times that it was just boom, boom. >> john: i wish i made mularkey my drinking game word -- >> jennifer: or friend. >> eliot: paul ryan didn't use the very -- especially as we were chatting a few moments ago when joe biden said you know i believe and mean what i say. well mr. vice president you just said this -- >> cenk: biden mentioned the 47% a couple of times. heated discussion continues after the break. and we'll have you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. enttv
where the hell did this deficit come from? you guys gave it to us. and you never show the policy. >> jennifer: yeah he came back from the molarky at the very start, there were a number times that it was just boom, boom. >> john: i wish i made mularkey my drinking game word -- >> jennifer: or friend. >> eliot: paul ryan didn't use the very -- especially as we were chatting a few moments ago when joe biden said you know i believe and mean what i say. well mr. vice...
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>> i think that he is wrong that debt and deficit is number one. jobs is numbe it adds a sense of bad news amongst the administration, number two, it does hamper obama's ability to press his advantage on foreign policy, which he did have because of the modern and other issues. but this is breaking through and it's going to continue breaking through the house hearings today. there are some curious mishandling of this issue in benghazi. as it continues to break through october, the timing is bad and it gives mitt romney simply stand and say, this guy has made some serious mistakes here. jon: the clear politics have taken a look at independent voters. the rcp average, the rasmussen poll, gallup tracking poll, ibd, all of them have mitt romney just president among independent voters. does that surprise you? >> yes, because it's such a radical shift. but again, i thishift. but again, i think that perception after the debate, maybe more so than the reality, is everything in politics. the perception is that mitt romney swamped the president, he looked mor
>> i think that he is wrong that debt and deficit is number one. jobs is numbe it adds a sense of bad news amongst the administration, number two, it does hamper obama's ability to press his advantage on foreign policy, which he did have because of the modern and other issues. but this is breaking through and it's going to continue breaking through the house hearings today. there are some curious mishandling of this issue in benghazi. as it continues to break through october, the timing...
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ohio jobs and has come roaring back to the top of the world. ( cheers and applause ) >> reporter: on deficit reduction, the president accused romney of salesmanship, not leadership, part of the new approach by this president to attack not just romney's policies, scott, but his character. >> pelley: nancy, thank you. the obama campaign has been running ads in ohio for months painting romney has a hard- hearted businessman indifferent to layoffs. romney now has 28 days to turn that around. jan crawford is with the campaign tonight. jan? >> reporter: well, scott, romney arrived here in ohio with a boost in momentum and a slightly different approach. he's showing a softer side. he's also being more aggressive in defending himself. at his family's urging, romney-- a private man-- has been telling personal stories of helping others. today in iowa he talked of meeting a former navy seal who was killed, along with three other americans, in the attacks in libya. >> and it -- it touched me, obviously, as i recognized this young man that i thought was so impressive had lost his life in the service of h
ohio jobs and has come roaring back to the top of the world. ( cheers and applause ) >> reporter: on deficit reduction, the president accused romney of salesmanship, not leadership, part of the new approach by this president to attack not just romney's policies, scott, but his character. >> pelley: nancy, thank you. the obama campaign has been running ads in ohio for months painting romney has a hard- hearted businessman indifferent to layoffs. romney now has 28 days to turn that...
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right now we have a federal government that is too large. $16 trillion debt. $1.30 trillion deficit. we need somebody who will stand up and fight. i have that record in the house. that is the record i will take to the senate. that is why i appreciate your vote. thank you. >> our next closing statement is from mark victor. >> our country was founded upon freedom. we are about individual rights and responsibilities and free markets. we are about being free to vote -- and define and pursue your own happiness. it is about americans in charge of themselves. these are our principles. we have strayed so far from these principles. we have a busybody government that is into everything, it regulates and taxes everything and everyone to death. it is involved in our lives cradle to grave. over $16 trillion in debt and growing ever higher. the highest incarceration rate in the world. over 2 million in prison. perpetual war is that we keep paying for with more debt and human lives. we are speeding in the wrong direction. and guess who is driving? it is the republicans and the democrats. if you lik
right now we have a federal government that is too large. $16 trillion debt. $1.30 trillion deficit. we need somebody who will stand up and fight. i have that record in the house. that is the record i will take to the senate. that is why i appreciate your vote. thank you. >> our next closing statement is from mark victor. >> our country was founded upon freedom. we are about individual rights and responsibilities and free markets. we are about being free to vote -- and define and...
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president obama and his team who have lied to the american people about their willingness to cut the deficit, their reality of obama-care, fast and furious, and now the trutut tct tt tatof t tri at iensyha killed four americans. they have been repeatedly lie together american people for years. i find it ironic now they are leveling that attack against gornor romney and paul ryan. uouf gy odhasicroio it's straight out of the saul alinsky playbook. the american people are focused on the facts. what romney and ryan have in eirenheac coac a governor romney in the debate because he has the facts about the economy. alisyn: kirsten, is that how you interpret it? >> it's interesting to juxtapose atpe i libya where there were some untruths told if you want to be subtle about it. when you have the administration being dishonest about the way they handled aer very seous iue finur ar ain pef lying because of things that i think are probably differences of opinion, it's pretty startling. i think it's desperate. this liar liar strategy iser e te fly considering obama really just was pretty much decimated
president obama and his team who have lied to the american people about their willingness to cut the deficit, their reality of obama-care, fast and furious, and now the trutut tct tt tatof t tri at iensyha killed four americans. they have been repeatedly lie together american people for years. i find it ironic now they are leveling that attack against gornor romney and paul ryan. uouf gy odhasicroio it's straight out of the saul alinsky playbook. the american people are focused on the facts....
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get deficit and debt under control. make trade work for america to make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they are the job creators. he talked about detroit. mitt romney's a car guy. they keep misquoting him. the mitt romney i know is a guy who i was talking to a family in massachusetts the other day, sheryl and mark nixson. their kids hit in a car crash, two of them parollized. mitt wanted to come over on christmas bringing his boys, his wife, and gifts. later on he said i know you're struggling, mark, don't worry about college. i'll pay for it. when mark told me the story because mitt doesn't tell the stories. when i was told the story, he said it was not the cash help, but that he gave his time and he has consistently. this is a map who gave 30% of the income to charity, more than the two of us combined. mitt romney's a good man and cares about 100% of americans in the country. with respect to that quote, i think the vice preside
get deficit and debt under control. make trade work for america to make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they are the job creators. he talked about detroit. mitt romney's a car guy. they keep misquoting him. the mitt romney i know is a guy who i was talking to a family in massachusetts the other day, sheryl and mark nixson. their kids hit in a car crash, two of them parollized. mitt wanted to come over on...
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Oct 14, 2012
10/12
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WBFF
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the share of taxes paid by upper income iners and give tax relief to the middle class and it will be deficit neutral and you can do all of those things and have people understand that that election was about this and we need this kind of pro-growth tax reform agenda. and, then work out the details in the same way, ronald reagan did with tip o'neill and working across the aisle. the governor has a proven record of being able to work across this aisle. >> chris: there are a lot of question from independent people, how do you pay for it and you refuse say. >> what we have said is we are going to pay for it by limiting deductions in the polls -- and, by the way, making sure for the middle class, that protecting the home mortgage deduction and other important deductions for them and at the high end you would eliminate deductions and, you know, a lot of special interest loopholes that would allow you to bring down the rate 20%, six studies... >> chris: those are questionable, some of them are blogs and some from the aei... an independent group. >> these are credible sources, and, you know... >> ch
the share of taxes paid by upper income iners and give tax relief to the middle class and it will be deficit neutral and you can do all of those things and have people understand that that election was about this and we need this kind of pro-growth tax reform agenda. and, then work out the details in the same way, ronald reagan did with tip o'neill and working across the aisle. the governor has a proven record of being able to work across this aisle. >> chris: there are a lot of question...
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we actually want to have big bipartisan agreements. you see, i understand -- >> do you have the specifics? do you have the -- know exactly what you're doing? >> look at what ronald reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base and worked together to fix that. what we're saying is, here's our framework. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopho
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you...
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president obama and his team who have lied to the american people about their willingness to cut the deficit, their reality of obama-care, fast and furious, and now the truth about the actual threat and the nature of the terrorist attack in been gatsy that killed four americans. they have been repeatedly lie together american people for years. i find it ironic now they are leveling that attack against governor romney and paul ryan. this is classic projections. accusing your oh poanltd of what you yourself have guilty of. it's straight out of the saul alinsky playbook. the american people are focused on the facts. what romney and ryan have in their arsenal are the facts. that's why president obama could not come back again governor romney in the debate because he has the facts about the economy. alisyn: kirsten, is that how you interpret it? >> it's interesting to juxtapose this conversation against what's going on in this hearing with what happened in libya where there were some untruths told if you want to be subtle about it. when you have the administration being dishonest about the way th
president obama and his team who have lied to the american people about their willingness to cut the deficit, their reality of obama-care, fast and furious, and now the truth about the actual threat and the nature of the terrorist attack in been gatsy that killed four americans. they have been repeatedly lie together american people for years. i find it ironic now they are leveling that attack against governor romney and paul ryan. this is classic projections. accusing your oh poanltd of what...
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CURRENT
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where the hell did this deficit come from? you guys gave it to us. and you never show the policy. >> jennifer: yeah, he came back from the molarky at the very start, there were a number times that it was just boom, boom. >> john: i wish i made mularkey my drinking game word -- >> jennifer: or friend. >> eliot: paul ryan didn't use the very -- especially as we were chatting a few moments ago when joe biden said you know i believe and mean what i say. well mr. vice president you just said this -- >> cenk: biden mentioned the 47% a couple of times. heated discussion continues after the break. and we'll have david shuster in kentucky. and i'm curious how it is being spun after this. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. (vo) she's joy behar. >>current will let me say anything. >> cenk: we're back on current's exciting dramatic coverage of the vice president debate. in that one was a lot of fun. and michael shure of course was in the "war room" in sa
where the hell did this deficit come from? you guys gave it to us. and you never show the policy. >> jennifer: yeah, he came back from the molarky at the very start, there were a number times that it was just boom, boom. >> john: i wish i made mularkey my drinking game word -- >> jennifer: or friend. >> eliot: paul ryan didn't use the very -- especially as we were chatting a few moments ago when joe biden said you know i believe and mean what i say. well mr. vice...
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of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my...
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because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today. because it's clearly good news for barack obama politically if nothing else. >> not only the numbers today but the revisions for the last two months. we seem to really be on a trajectory and you know, this is going -- apparently what really matters is not the economy for the year but the economy at the moment as people approach the election. people are beginning to vote. >> the good news for barack obama there. not so good news his performance at the debate. common consensus is a bit of a turkey. >> he blew it. >> why did he blow it? he's such a skillful orator usually. >> it's a paradox. he's a skillful communicator a
because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today....